Keynesian Economics Keynesian economics is the view that in the short run‚ especially during recessions‚ economic output is strongly influenced by aggregate demand . In the Keynesian view‚ aggregate demand does not necessarily equal the productive capacity of the economy; instead‚ it is influenced by a host of factors and sometimes behaves erratically‚ affecting production‚ employment‚ and inflation The theories forming the basis of Keynesian economics were first presented by the British economist John
Premium Keynesian economics
Economic Analysis on Development of Marine Insurance in Shanghai WANG Yun‚ LIU Juanjuan Research Institute for Science of Water Transport Economy‚ Shanghai Maritime University‚ 1550 Pudong Av.‚ Shanghai‚ China wangyun1896@163.com Abstract: This paper studies the relationship between marine insurance and the development of shipping‚ finance and regional economy based on statistics. We use the quantitative analysis method‚ partial correlations method‚ to find out the key factors in local marine insurance
Premium Transport Cargo Economics
Managerial Economics OBJECTIVES: The course in Managerial Economics attempts to build a strong theoretical foundation for Management students. The course is mainly analytical in nature and focuses on clarifying fundamental concepts from microeconomic viewpoint. The students are expected to study and analyses the dynamics of managerial decision making through this course. Also wherever possible‚ students are expected to study‚ analyses and interpret empirical evidence and case studies available
Premium Economics
1. Explain the advantages of Socialist Economy? In socialist economic system means of production are owned and managed by the State. Ownership of means of production is not allowed. In socialism economic activities are carried on mainly for social gains and personal interest is of less significance. In this economic system the anti social activities like smuggling and hoarding find no place. Economic activities are planned with the motive of social benefit by a central planning authority. The
Premium Socialism Capitalism Planned economy
towards and are in favour of economic integration. Since this is the case economic integration is not a novelty to West African states as the sub-region has witnessed numerous attempts at integrating economies. In fact much more than any other sub-region of Africa‚ West Africa has attempted to apply the instrument of economic cooperation and integration to enhance its economic and political landscape1. CONCEPTUAL AND THEORETICAL ANALYSIS OF ECONOMIC INTEGRATION Economic integration is a very wide
Premium West Africa Africa European Union
characteristics of Economic Development A country or a society’s economic development is usually associated with rising incomes and related increases in consumption‚ savings‚ and investment. Surely‚ there is far more to economic development than income growth; for if income distribution is profoundly swerved‚ growth may not be conducted by much progress towards the aims that are usually connected with economic development. But what other characteristics are linked with economic development?
Premium Monetary policy Investment Unemployment
GEORGIA PERFORMANCE STANDARDS Fundamental Economic Concepts SSEF1 The student will explain why limited productive resources and unlimited wants result in scarcity‚ opportunity costs and trade offs for individuals‚ businesses and governments. Individuals have wants that are‚ for practical purposes‚ unlimited. But the total resources of society‚ including natural resources‚ human resources‚ capital goods and entrepreneurship‚ are limited‚ so that scarcity exists. As a result‚ it isn’t possible
Premium Economics Economic system Planned economy
eNo. 2316 September 17‚ 2009 The Economic Role of Government: Focus on Stability‚ Not Spending Karen A. Campbell‚ Ph.D. Abstract: Is there a role for government in the economy? Yes‚ says Heritage analyst Karen Campbell—but the government must focus on maintaining economic stability. Fiscal responsibility is an important part of that stability. Government debt can quickly become a burden on the economy and weaken its foundations. Sound macroeconomic policies enhance the credibility of the government
Free Tax Public finance Economics
considered ethics and economics are inseparable. His thoughts about political and socio-economic structure of society are indispensible to study. The ideas were later developed and detailed by John Rawls in Theory of Justice‚ which are retrospective of Gandhi’s thoughts. To understand where Gandhian Economics stand: “Gandhian economics” is a term coined by late J.C. Kumarappan‚ who was an Indian economist. He gives the examples on types of economy in his book ‘Gandhian Economic Thought’ which is reproduced
Premium Gandhism Economics Economy
MBA 5600 Managerial Economics Assignment #1 1. What impact will the prospect of deprivatization have on investment by managers of privatized firms? The impact will be: - Loosing corporate focus; - Missing planned CEO turnover; - Affecting planned managerial objects and strategic efficiency Obviously‚ normal managers invest in long-term projects‚ products and services‚ deprivatization may come up with a different strategy that not aligned with corporate goals and its profit will probably
Premium Capitalism Ownership Property